Spice Board To Set Up Spice Park In Guntur, Pepper Park In Kerala

The Spices Board will establish a Spices Park in Guntur, Andhra Pradesh, and a Pepper Park in Kerala. Andhra Pradesh Government asked to allot about 250 acres for the Spices Park. The board will ink an MoU with the State Government the moment it allocates land. The Spices Park would provide value addition to turmeric, cardamom and chillies, which are widely grown in Andhra Pradesh. The Rangachari committee, which submitted its report on Price Stabilisation, has recommended the launch of an insurance scheme for plantation growers. After that the farmers will move on to a different scheme that opens up opportunities in the futures market. Farmers would be encouraged to form collective or self-help groups to participate in the futures market.